CLMB FY2024 EPS Forecast Increased by Barrington Research

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Equities researchers at Barrington Research lifted their FY2024 earnings estimates for Climb Global Solutions in a research note issued to investors on Tuesday, November 12th. Barrington Research analyst V. Colicchio now expects that the company will post earnings of $4.14 per share for the year, up from their prior estimate of $3.28. Barrington Research has a “Outperform” rating and a $136.00 price target on the stock. The consensus estimate for Climb Global Solutions’ current full-year earnings is $3.28 per share. Barrington Research also issued estimates for Climb Global Solutions’ FY2025 earnings at $4.55 EPS.

Climb Global Solutions Stock Up 0.3 %

Climb Global Solutions stock opened at $121.57 on Thursday. The company’s 50-day moving average price is $102.10 and its two-hundred day moving average price is $78.83. Climb Global Solutions has a twelve month low of $44.81 and a twelve month high of $124.50. The stock has a market cap of $560.44 million, a P/E ratio of 32.95, a P/E/G ratio of 3.36 and a beta of 1.06.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 11th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.56%. Climb Global Solutions’s payout ratio is presently 18.43%.

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new stake in shares of Climb Global Solutions during the 3rd quarter worth approximately $38,000. Harvest Fund Management Co. Ltd acquired a new stake in Climb Global Solutions in the third quarter valued at approximately $126,000. Quantbot Technologies LP acquired a new stake in shares of Climb Global Solutions during the 3rd quarter valued at $147,000. SG Americas Securities LLC bought a new position in Climb Global Solutions in the third quarter valued at about $159,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after purchasing an additional 1,319 shares during the last quarter. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Company Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.